About Electric Vehicle Charger (Evc) And Charging Station
Electric vehicle charger (EVC) and charging system are used to provide charging for electric vehicles. Providing charging has different levels including level 1, level 2, and level 3. Level 3 is a direct current fast charging and supercharging and it delivers more power to the vehicle in a short time. The chargers and charging systems convert hydrogen fuel into electricity that charged electric motors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 27.7% |
Global Electric Vehicle Charger (EVC) and Charging System is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products and Systems. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Vehicle Charger (Evc) And Charging Station market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chargepoint (United States), ABB (Switzerland), Eaton (Ireland), Leviton (United States), Blink Charging (United States), Schneider Electric (France), Siemens (Germany), General Electric (United States), AeroVironment (United States) and IES Synergy (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chargemaster (United Kingdom), Efacec (Portugal), Clipper Creek (United States) and DBT-CEV (France).
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Charger (Evc) And Charging Station market by Type (AC Destination, DC Destination, DC Fast, Vehicle-to-Grid and Others), Application (Residential, Commercial and Workplace) and Region.
On the basis of geography, the market of Electric Vehicle Charger (Evc) And Charging Station has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Electric Vehicle Charger (Evc) And Charging Station market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Rising Depletion of Fossil Fuels and Introduction and Popularity of Electric Vehicles
Market Growth Drivers:
Increasing Demand for Electric Vehicle Charger (EVC) and Charging System from Residential as well as Commercial Sector and Surging Companies Tendency to gain More Profit from Fuel-efficient Vehicles
Challenges:
Lack of Standardization of Electric Vehicle Charger (EVC) and Charging System
Restraints:
High Cost Associated with the Electric Vehicle Charger (EVC) and Charging System
Opportunities:
Growing Fuel-Efficient Technologies will Create Opportunities for the Electric Vehicle Charger (EVC) and Charging System Market Growth.
Market Leaders and their expansionary development strategies
On 20th July 2021, Chargepoint announced it has signed an agreement for the acquisition of has•to•be with European charging software platform. The transaction helps Chargepoint to accelerate leadership as electrification continues to take hold across regions.
In October 2023, ChargePoint, a leading provider of EV charging infrastructure, announced a partnership with Nissan to offer special pricing and incentives to Nissan Leaf and Ariya electric vehicle owners. This partnership will help to make EV charging more affordable and accessible for Nissan drivers.
Key Target Audience
Electric Vehicle Charger (EVC) and Charging System Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.